IMF demands for levying 18 percent sales tax on all things

ISLAMABAD, May 25 (Online): IMF demand for slapping 18 percent tax on all goods has put the government into difficult situation
The spike in gas and electricity tariff from July is also one among the pre-conditions of next bail out package.

According to sources as per IMF preconditions, FBR will have to fix tax recovery target Rs 12900 billion.
The target of Rs 12.9 trillion means FBR will have to recover additional Rs of 3700 billion in one year.
IMF has linked new bail out package agreement to advance approval of executive board.

Finance ministry had told Prime Minister (PM) the tax recovery target in next year is Rs 12.4 trillion
Finance ministry briefed PM about total volume of budget and expenses after departure of IMF delegation.

The PM was told if the condition of withdrawal of concession in sales tax is implemented by Pakistan then it will have to levy 18 per cent sales tax on all saleable items.